Introduction to Economics: A Private Seminar with Murray N. Rothbard

Introduction to Economics: Part 7

Deficits are equal to expenditures minus taxes. Reagan spoke of cutting government spending, but meant only cutting the rate of growth of government spending. Stagflation appeared in 1957-58. Inflation during a recession was not supposed to happen. It happened again in 1973-75. file stops at 7:01?

Part seven of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard.